The Impact of Religiosity on Corporate Governance

  • 張 瑞琪

Student thesis: Doctoral Thesis

Abstract

Prior research states that religion has influenced effects on the economic and demographic behavior of individuals and organizations In this study we use those findings suggesting religion affects managerial behavior and decision on organizations and extend our research to the corporate governance architecture of firms We use a measure of religiosity on a county level that is collected from ARDA We find that firms located in high religiosity have lower default risk We also find firms located in high religiosity are less like to engage in CEO duality dual-class and antitakeover Interesting we find firms located in high religiosity have more insiders on the board indicating firms trust these insiders board to contribute their informative service in the firms Further firms located in high religiosity more likely to involve in CSR activities
Date of Award2014 Jul 29
Original languageEnglish
SupervisorShao-Chi Chang (Supervisor)

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